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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Office buildings
24025 Greater Mack Ave, Saint Clair Shores, MI 48080-1484
Entity Owned
7-yr Hold
Free & Clear
Property ID
US43-0059710
Property summary
AI-generated overview
This exceptional two-story, 10,950 square foot Class B office building in St. Clair Shores, Michigan, offers multiple tenancy options ranging from 1,370 to 10,950 contiguous square feet. Currently fully vacant, this presents a unique opportunity for a value-add investor or owner-occupant. Built in 1980, the property sits on a 0.51-acre lot (APN: 09-14-27-451-008) and boasts 42 parking spaces. Located at 24025 Greater Mack Ave (cross streets: Greater Mack and Ridgeway), it benefits from a highly visible location with monument signage on Mack Avenue, just blocks from downtown St. Clair Shores and the Nautical Mile. The building is well-maintained, elevator-equipped, and zoned B-3. The property features turnkey suites and is ideal for businesses seeking immediate occupancy. All 10,950 square feet are currently available for lease.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Total area
10,950 SF
Lot
0.51 ac (22,216 SF)
Zoning code
B-3
APN
09-14-27-451-008
UPID
US43-0059710
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Verderbar Gerald A DDS Dental Office
-
Carol L. Aaron, OT Physician
-
Eastside Podiatry-St Clair Shores Medical Clinic
-
Siraj Panchbhaiya, DPM, FACFAS Physician
-
Hatim Burhani, DPM Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$793k
Blend (final)
Blend
$795k
Owner & transaction history
Assim Realty LLC · 7 yrs held
Assim Realty LLC
since 2018
3 recorded transactions
Zoning & alternative use
B-3 · Saint Clair Shores, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+21.9%
Retail stores
$1.0M
+12.9%
Auto repair, garage
$940,000
+2.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Saint Clair Shores submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Clair Shores submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$925,000
Current use
COMMERCIAL (GENERAL)
$1,125,000
Change: +22% · Conversion: Easy
RETAIL STORES
$1,045,000
Change: +13% · Conversion: Moderate
AUTO REPAIR, GARAGE
$940,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$73 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$20,377
Tax year 2022
Assessed value
$376,800
Assessed 2023
Previous assessed
$345,200
+9.2% YoY
Effective rate
5.41%
On assessed value
Total market value
$753,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1980
Heating
FORCED AIR
Stories
2
Total area
10,950 SF
Lot
0.51 ac (22,216 SF)
Zoning code
B-3
APN
09-14-27-451-008
UPID
US43-0059710
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Saint Clair Shores, MI
Zoning B-3 · permitted uses
B-3 · Saint Clair Shores, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saint Clair Shores. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$925,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$940,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Heating
FORCED AIR
Stories
2
Lot
0.51 ac
Current owner
From public records · entity-resolved
Assim Realty LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2216 BELMONT ST, DEARBORN, MI 48128-1425
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2018
$755,000
Assim Realty LLC
Western Oregon Invs INC 401k P
Grant Deed
—
May 4, 2016
$620,000
Western Oregon Inv 401k Psp Of Trust
Mack Ridgeway Building LLC
Warranty Deed
$350,000 · Chaimson Family LLC
Oct 15, 2005
$1,070,000
Mack Ridgeway Building LLC
Cosmo Ents LLC
Warranty Deed
$825,000 · Fifth Third Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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